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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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PBOC Drains Net CNY20 Billion at OMOs Friday
BEIJING (MNI) - The People's Bank of China injected CNY90 billion in
seven-day reverse repos and CNY30 billion in 14-day reverse repos via
open-market operations Friday, Wind Information, a Shanghai-based financial data
provider, said.
This resulted in a net drain of CNY20 billion for the day.
A total of CNY140 billion in reverse repos matures Friday.
The PBOC has drained a total of CNY40 billion at its open-market operations
this week.
The CFETS-ICAP money-market sentiment index ended at 33 on Thursday
compared with 38 at Wednesday's close. The lower the reading the better the
liquidity in the interbank market.
The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
The benchmark seven-day repo average was last at 2.6684% compared with
2.8754% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 9023-5864; email: glen.perkinson@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]
To read the full story
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Why MNI
MNI is the leading provider
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